Multiple Choice
Why was fiscal policy NOT helpful in overcoming stagflation in the 1970s?
A) because fiscal policy is aimed at both aggregate demand and aggregate supply, but the problem was related to demand only
B) because fiscal policy is aimed at both aggregate demand and aggregate supply, but the problem was related to supply only
C) because fiscal policy is aimed at aggregate demand only, but the problem was related to aggregate supply
D) because fiscal policy is aimed at aggregate supply only, but the problem was related to aggregate demand
Correct Answer:
Verified
Correct Answer:
Verified
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